Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. D
Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors with limited scope for increases in produc
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. I
The aim of this SDN is to examine whether fear of a political cost associated with economic reforms is justified by the available evidence, and whether there ar
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries.
